XAUUSD

Although President Trump has suspended the 25% tariffs imposed on Canada and Mexico, Canada's new tariffs on the U.S. continue. Additionally, China is expected to implement new tariffs next week. These developments contribute to a high-risk perception in the markets. Alongside the decline in the Dollar Index, gold remains above the 2900 level. Throughout the day, important economic data such as hourly earnings, unemployment rate, and non-farm payroll figures will be monitored.

Gold is currently trading within a range supported by short-term indicators. For the precious metal, which fluctuates between 2900 and 2907, it is crucial to maintain a position above 2907 to signal upward momentum. Potential resistance levels could emerge at 2920 and 2930 in case of upward movements. For negative scenarios, four-hour closures below 2890 may be expected, with support levels at 2877 and 2870 being monitored. The critical range for the day is 2900 – 2907.